MD Senate Approves Modest Tax-Relief Plan

The Maryland Senate voted 37-8 this week to approve a modest tax-relief plan. The plan now goes to the House. The bill reduces Maryland's top four tax-rate brackets over five years. That affects single tax filers who make more than $100,000 and joint filers with income over $150,000. An analyst with the state's Department of Legislative Services says that would cut taxes between 1 and 3 percent in those brackets. The plan also would expand the state's Earned Income Tax Credit, which is offered to low-income workers. Governor Larry Hogan was most impressed with the bi-partisan support the legislation received…